On Thu, 8 Feb 2018 08:58:16 -0800 (PST), JGibson<james.m.gibson@gmail.com> wrote:
>On Thursday, February 8, 2018 at 10:10:16 AM UTC-5, the_andr...@yahoo.com w=
>rote:
>> 1. Don=E2=80=99t spend whatcha ain=E2=80=99t got
>
>So did you buy your house in cash or did you get a mortgage?
In 1957 we paid $25,000 cash for our first house - 3 BR, 2 1/2 bath,
about 1800 sq. ft., Roman brick. It sold for about $120,000 several
years ago.
We mortgaged the house we have lived in for 52 years to buy a house
for our oldest son because investments paid more than mortgage
interest. We have owned 4 other houses, none of which had a mortgage
by us.
We paid cash for our last several cars also. And none of our family
has a student loan.
And we did it while earning probably a heckuva lot less per year than
you do now.
What's so unusual about that?
Hugh
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